Enbridge Reports Record 2025 Earnings and Dividend Growth Amid $39B Backlog
Enbridge Inc. (ENB) shares surged 4.40% to $54.15 midday as the energy infrastructure giant unveiled record 2025 financial results. GAAP earnings hit $7.1 billion ($3.23/share), a significant jump from $5.1 billion ($2.34/share) in 2024. Adjusted EBITDA climbed 7% to $20.0 billion, while distributable cash flow ROSE 4% to $12.5 billion.
The company declared its 31st consecutive annual dividend increase, raising payouts by 3%. Enbridge's secured growth backlog now stands at $39 billion, reinforcing long-term visibility. Management reaffirmed 2026 guidance, signaling confidence in steady growth across diversified assets.
Fourth-quarter performance remained robust with $5.2 billion in adjusted EBITDA, slightly above the $5.1 billion recorded in Q4 2024. The results demonstrate operational resilience despite fluctuating energy markets.
